Huang Guangyu, once China's richest man before falling from grace for alleged stock market manipulation, is being investigated on suspicion of committing new crimes. Beijing prosecutors also say the indictment of stock market manipulation is suspended.

Huang founded Gome Electrical Appliance, but was replaced as its Chairman following a police investigation into alleged financial wrong-doing last year. He has been probed for insider trading and stock manipulation for more than a year. The new crime was brought forward right after the previous deadline of December 17th.

The court was originally scheduled to open on December 25th. That means the tycoon could be detained for another 7 or 8 months before the investigation wraps up and a new prosecution begins.

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